Author: super@dmin
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The companies behind bitcoin are trying to go public at a really bad time
Where are Bitcoin prices headed? Bitcoin’s big stock market debut is coming at a bad time. Three of the world’s top makers of cryptocurrency technology are planning to sell shares, giving investors a new way to bet on digital currencies. They’re reportedly hoping to raise billions of dollars. Unlike the dollar or the euro, which…
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Your kid’s Happy Meal likely isn’t a healthy meal
Children still aren’t eating healthy at fast-food restaurants, even if those chains have committed to offering more nutritious options. The four largest fast-food companies — McDonald’s, MCD, -0.39% Burger King, Wendy’s WEN, +0.80% and Subway — may have pledged to offer healthier choices on their menus, but almost three-quarters (74%) of children still drink sugary…
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A decade after the housing crisis, foreclosures still haunt homeowners
Maria Landi, a 75-year-old retired insurance specialist, and her husband John, had been making payments on their East Brunswick, New Jersey home for 40 years when Wells Fargo foreclosed on it in 2010. At the time, John Landi was forced into early retirement by the financial crisis from his job as a producer at ABC…
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Asia Markets: Trump’s U.N. digs at China prove immediately costly for Asia stocks
Tensions between the U.S. and China grew more strained Wednesday when President Trump accused Beijing of trying to interfere in the U.S. midterm elections and of attempting to damage him politically. The accusations come as a trade dispute between the two countries grows more heated with the imposition of a 25% tariff on more than…
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Immigrants could be required to show credit scores if they want to stay in the U.S.
Under a U.S. Department of Homeland Security proposal, intended to determine who is considered “admissible” to the country, immigrants would have to provide evidence of their financial status. This includes applications for public benefits in the U.S., proof of private health insurance to cover certain medical conditions, and their credit histories and credit scores. The…
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The Fed: Powell agrees with Bernanke that Congress shouldn’t have taken away Fed’s crisis-fighting tools
Chip Somodevilla/Getty Images Former Treasury Secretary Timothy Geithner, former Federal Reserve Bank Chairman Ben Bernanke and former Securities and Exchange Commission Chairman Mary Schapiro testifying about Lehman Brothers bankruptcy in April 2010 Federal Reserve Chairman Jerome Powell said Wednesday that he agrees with his predecessor Ben Bernanke that Congress should not have taken away the…
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Trump 'not happy' with the Fed for raising interest rates
Federal Reserve raises interest rates President Donald Trump isn’t happy with the latest hike in interest rates. The Federal Reserve on Wednesday raised rates for the third time this year, reflecting a strong economy with low unemployment. Hours later, the president again broke with tradition by criticizing the central bank. “I am not happy about…
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Federal Reserve hikes rates for third time this year
Federal Reserve raises interest rates The Federal Reserve raised interest rates for the third time this year. The decision, which was expected, is a sign of increased confidence in the US economy. Unemployment is low, economic growth is strong, and inflation is relatively stable. Policymakers under Chairman Jerome Powell unanimously agreed to raise the federal…
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Payments startup Stripe is worth $20 billion after latest funding round
Payments startup Stripe on Wednesday announced a new $245 million funding round that values the company at $20 billion, up from $9 billion previously. Stripe plans to use a portion of the new funds for international expansion, particularly in Asia, as it looks to satisfy a growing customer base with complex, global needs. The company…
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Personal Finance Daily: Millennials prefer cannabis over alcohol and this lawyer is suing his girlfriend for her $100,000 engagement ring
Happy Wednesday, MarketWatchers! Here are the top personal finance stories of the day. Personal Finance Want to reduce sexual assault? Start with eliminating abstinence-only sex education The U.S. government spends $85 million a year on programs that do not address consent. My wife wants her name on my house, bank and retirement accounts—or we’re through…